Energy supplier Npower have today announced that they will not be investing in seven of their UK power plants to bring them in line with European Union pollution laws, and so they will be winding up and shutting down in the next decade
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Since the Government changed their stance on green levies and removed the burden the Big Six energy companies, all eyes have been on the suppliers and what savings they will be passing onto customers. The Government had indicated a saving of around £50 per year was possible for households, and Npower is the last of the six to announce its cuts.
There has been some concern over the conduct of Npower, one of the big six energy companies to raise its prices last month, in the last few weeks after it emerged that customers may have received misleading information from them between 2010 and 2012. This prompted an investigation from energy regulators Ofgem, who have today announced that Npower are guilty of all accusations.
It seems that political confusion and friction over the recent energy price hikes has led to Npower pulling their investment out of a £4bn project for a new UK windfarm. This is another blow in a long line of hits the UK’s green energy campaign has taken. The Atlantic Array project in the Bristol Channel is an important component of Britain’s plan to reach it’s green targets.
The announced increase from Npower will see dual fuel bills increase by 10.4%. This is currently the highest increase so far with other members of the big six sure to follow in the coming days.